Volex plc (LON:VLX – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 550.59 and traded as high as GBX 561. Volex shares last traded at GBX 560, with a volume of 32,419,732 shares traded.
Analyst Ratings Changes
VLX has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 750 price target on shares of Volex in a research report on Monday, October 19th. Canaccord Genuity Group restated a “buy” rating and set a GBX 710 price objective on shares of Volex in a research report on Monday, October 19th. Finally, Berenberg Bank lifted their price objective on Volex from GBX 700 to GBX 750 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 700.
Read Our Latest Research Report on Volex
Volex Stock Up 1.2%
The firm’s 50-day simple moving average is GBX 615.03 and its 200-day simple moving average is GBX 551.35. The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74. The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 16.82 and a beta of 1.21.
About Volex
Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.
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